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Wednesday, September 21, 2016

Recommended, Top Performing Stock (4): Paypal

Paypal shares (NASDAQ: PYPL) are currently bullish and the
bullishness would continue within the next several months.

There is a “buy” signal here, as price is above the EMA 21
and the William’s % Range period 20 is around the overbought region. The market
is currently being corrected, but it is seen as a pause in the ongoing bullish
trend.

On Paypal, further bullish journey is anticipated, which would
make price reach the resistance lines at 50.00, 60.00 and 70.00. Temporary pauses
or corrections should be approached as opportunities to buy at better prices.